What is a homestead?
April 26, 2019
A homestead can be a separate structure, condominium or a manufactured home located on owned or leased land, as long as the individual living in the home owns it. A homestead can include up to 20 acres, if the land is owned by the homeowner and used for a purpose related to the residential use of the homestead.
One of the easiest ways a homeowner can lower his/her property tax bill filing for a homestead exemption. A homestead is generally the house and land used as the owner’s principal residence on Jan. 1 of the tax year.
Homestead exemptions reduce the appraised value of your home and can lower your property taxes.
Do all homes qualify for homestead exemptions? No, only a homeowner’s principal residence qualifies. To qualify, a home must meet the definition of a residence homestead.
How To Apply:
You must file an application with the county appraisal district of your residence. If you are married, include information for both spouses. If you are 65 years of age or older, or disabled, be sure to follow the special instructions detailed within the application.
Some things to remember:
1. You must occupy the home on Jan. 1 of the tax year.
2. Your Texas Driver’s License or State ID address must match your match the property address.
3. Your application may be filed on or before April 30th of the current tax year.